BridgeInvest Closes a $53.3 MM Renovation and Lease-Up Loan for an Industrial Portfolio in the San Francisco Bay Area
1st Priority Mortgage Loan
BridgeInvest is excited to announce the portfolio closing of two high-powered (4000-8000 amp) industrial / advanced manufacturing assets in Fremont and San Francisco, CA. The Sponsor plans a transformative, market-leading renovation for one asset while the other asset just completed its multi-year power upgrade making it one of the highest watt per SF assets in San Francisco.
Transaction Highlights:
- Flexible Loan Structure – Cross-Collateralized with Partial Release Ability
- Closing With Zoning Change Not Final At Close
- 100% Future Funding on an 8-Digit Transformative CapEx Plan
- 4000-8000 Amps of Power for Each Asset in the Hub Of AI / Tech Innovation